Section 21A
Power of court to order forfeiture of property.
The Forward Contracts (Regulation) Act, 1952
About this Act
An Act to provide for the regulation of certain matters relating to forward contracts, the prohibition of options in goods and for matters connected therewith.
1[21A. Power of court to order forfeiture of property.--Any court trying an offence punishable
under section 20 or section 21 may, if it thinks fit and in addition to any sentence which it may impose for
such offence, direct that any money, goods or other property in respect of which the offence has been
committed, shall be forfeited to the Central Government.
Explanation.--For the purposes of this section, property in respect of which an offence has been committed, shall include deposits in a bank where the said property is converted into such deposits.]
Explanation.--For the purposes of this section, property in respect of which an offence has been committed, shall include deposits in a bank where the said property is converted into such deposits.]
Notes
1. Ins. by s. 19, ibid. (w.e.f. 28-12-1960)